Saudi Arabia and Syria have signed a framework agreement to launch 45 development initiatives, marking a significant step in strengthening economic cooperation between the two countries. The deals, signed in Damascus, span multiple sectors including aviation, telecommunications, infrastructure, and real estate, with the aim of reviving Syria's economy and attracting foreign investment.

A Saudi investment delegation, led by Investment Minister Khalid Al-Falih, also announced a $1 billion investment in Syria's telecom sector, highlighted by the SilkLink project to enhance digital connectivity. Additionally, a new airline, flynas Syria, will be established as a joint venture, with operations expected to begin later this year, expanding air travel across the region.

Saudi Arabia will invest $2 billion to develop two airports in Aleppo and has launched the Elaf Investment Fund to support major projects in Syria. Banking transfer channels between the two nations have been reactivated, following the lifting of economic sanctions, further facilitating economic integration and regional stability.